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Dec 27, 2012
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treasury secretary tim geithner says tomorrow he'll begin talking about the steps to delay hitting the government's borrowing limit. that's also coming up. you got the $16 trillion limit on the december 31st. he'll use accounting measures to save. >> and antiapartheid icon nelson mandela was discharged from the hospital. he'll continue treatment at home. he was hospitalized for a lung infection. >> starbucks is getting into the fight over the fiscal cliff. they're now asking workers in all d.c. area stores to write the quote "come together" on the coffee cups they serve today and tomorrow. that company's ceo says it's the company's way of telling politicians they need to find common ground. >> hollywood has seen the number of movie tickets sold go up for the first time in three years. the industry rebounds ad there year -- rebounded this year. >> five days until the new year and they're getting ready for the countdown in times square. installation begins today for the crystal ball in the square. that ball is covered by 2700 waterford crystals and megan you said these have some significance. >> abso
treasury secretary tim geithner says tomorrow he'll begin talking about the steps to delay hitting the government's borrowing limit. that's also coming up. you got the $16 trillion limit on the december 31st. he'll use accounting measures to save. >> and antiapartheid icon nelson mandela was discharged from the hospital. he'll continue treatment at home. he was hospitalized for a lung infection. >> starbucks is getting into the fight over the fiscal cliff. they're now asking workers...
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Dec 28, 2012
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how much money have you sent the government? >> a little bit over 3,000 dollars. >> reporter: 3,197.88 to be exact. all tracked on a handwritten ledger. the last three years, garcia has been paying the government 50 dollars a month of the postal service pension and money from cans he collects. >> we are paying too much interest. >> reporter: it bothers you. >> it brothers me because it makes no sense. >> reporter: sense is something garcia's wife of 59 years thinks her husband could use.you think he's crazy? [audio not understandable] >> reporter: call him crazy but there's an entire federal office bureau of public debt that collects money from hundreds of mr. garcias this office in west virginia was set up by president kennedy so citizens can pay down the national debt. this year alone, it's collected 7.7 million dollars in gifts about 90 million since it was established. but 90 million is not that much especially when you consider the federal deficit is 16 trillion and climbing. to retire the debt every american would have to
how much money have you sent the government? >> a little bit over 3,000 dollars. >> reporter: 3,197.88 to be exact. all tracked on a handwritten ledger. the last three years, garcia has been paying the government 50 dollars a month of the postal service pension and money from cans he collects. >> we are paying too much interest. >> reporter: it bothers you. >> it brothers me because it makes no sense. >> reporter: sense is something garcia's wife of 59 years...
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Dec 27, 2012
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. >> spending cutting, about what kind role government should have in your life. >> number 1. the fiscal cliff. lawmakers saw it coming but didn't bother to pay attention until after the election. had they put politics aside and dealt with it earlier who knows how strong the economy would be right now. >> coming up, a five-days for a woman. she gets the news she has been waiting to hear on her missing teen daughter. >>> and we are taking a look back at the year. the most outstanding student athletes of the year. >>> those and more coming up at six. now a preview of world news at 6:30. >> coming up, american companies saying thank you. thank you america for make this a great made in america christmas. . >>> you have heard of downward facing dog? even if you haven't chances are your children have. we have more on the latest craze for children. yoga. >> reporter: some say yoga is the fattest growing sport in the nation with 20 million practicing regularly. the latest trend is an ever growing number are pint sized. >> there are classes for kids of all ages from baby up to teens. t
. >> spending cutting, about what kind role government should have in your life. >> number 1. the fiscal cliff. lawmakers saw it coming but didn't bother to pay attention until after the election. had they put politics aside and dealt with it earlier who knows how strong the economy would be right now. >> coming up, a five-days for a woman. she gets the news she has been waiting to hear on her missing teen daughter. >>> and we are taking a look back at the year. the...
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Dec 24, 2012
12/12
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government offices are closed. financial markets are also closing early as are most post offices. and the hobbit topped the box office again for the second straight weekend. it took in 37 million dollars more than double any other movie. even though many people did their last-minute shopping instead. that's america's money and i am brandi hitt. >>> you're watching the station that works for you. now, good morning maryland. >>> the clock is ticking. lawmakers have one week to come with up a deal to avoid the fiscal cliff. if that tonight happen we all pay. find out how close -- if that doesn't happen, we all pay. find out how close they are to reaching an agreement. >> reporter: the day before christmas. have you gotten your shopping done? i am linda so live at the mall in columbia. if you haven't you are not alone. what stores are doing to help last-minute shoppers get it done. >> we want to make sure you stay cheerful as you finish up the last-minute holiday shopping. we are going to tell you what kind of deals are fake out there so you don't get tricked stay with us. we have got
government offices are closed. financial markets are also closing early as are most post offices. and the hobbit topped the box office again for the second straight weekend. it took in 37 million dollars more than double any other movie. even though many people did their last-minute shopping instead. that's america's money and i am brandi hitt. >>> you're watching the station that works for you. now, good morning maryland. >>> the clock is ticking. lawmakers have one week to...
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Dec 28, 2012
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the power brokers have four days before the government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give an update on the fiscal cliff within the next 15 minutes. when that happens, we will join him live for that announcemen
the power brokers have four days before the government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to...
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Dec 27, 2012
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recovery as americans face big tax hikes, adding to the mess the treasurey department is warning that the government will soon be unable to pay its bills. the house republican leaders say they will take action on whatever bill the senate can pass but the senate must act first. abc news washington. >> now for more on the fiscal cliff and what it could mean for your pay we have you covered. just head to the home page, slide show for a break down of what difference situations in washington could mean for your bank account. >>> and we are working for you with only four days left in the year it's a good time to talk about the maryland homestead tax credit application deadline one more time. the credit is used to help off set increase in your state property taxes. that would happen if your home's assessed value jump but it's only supposed to go for primary residents. the state legislature passed a law to try to cut down homeowners getting the credit for properties they shouldn't have been getting credit for. for the past five-years maryland homeowner is have gotten at least two notices by mailing you know
recovery as americans face big tax hikes, adding to the mess the treasurey department is warning that the government will soon be unable to pay its bills. the house republican leaders say they will take action on whatever bill the senate can pass but the senate must act first. abc news washington. >> now for more on the fiscal cliff and what it could mean for your pay we have you covered. just head to the home page, slide show for a break down of what difference situations in washington...
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Dec 28, 2012
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choosing to sell instead of buy and that's despite pretty good gains, americans are losing faith in the government. it is not clear what the implications will be in the long term but companies could spend less and economic growth slow and more people that do continue to invest could see bigger losses. >>> if you plan to travel in the next few months, you could be in for a bumpy ride, weather could throw a monkey wrench into the travel. we have an ap to make it shoot. >>> frozen runways and mounting snow, winter traffic can be messy and all it takes is a snowstorm to trigger ripple effects. while a smart phone can't dial up mother nature it can make interruptions more tolerable. there are aps that help. one helps out map out coffee and other thing closest to the gate and has reviews. travel nerd has information in case weather keeps you grounded. if there is an overnight stay an hotel overnight has discounts in major cities. and on the ground making an airport pickup, don't get stuck circling while a delayed traveler is in the sky. the iphone ap tracks and tells a driver when to leave to ensure an
choosing to sell instead of buy and that's despite pretty good gains, americans are losing faith in the government. it is not clear what the implications will be in the long term but companies could spend less and economic growth slow and more people that do continue to invest could see bigger losses. >>> if you plan to travel in the next few months, you could be in for a bumpy ride, weather could throw a monkey wrench into the travel. we have an ap to make it shoot. >>>...
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Dec 28, 2012
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when it comes to government recommendation screenings are down for all cancers except for colorectal. they attribute that to the ongoing disagreement for screening guidelines and drop in insurance rates. >>> mixing energy drinks with alcohol is a popular thing to do but it can cause unintended effect. dietitians say the caffeine content in the energy drinks may get you to drink more than yourlimit. researchers are looking into whether it offset the sedating effects of alcohol. the drinks are also having a very high calorie count a lot of times so if you do the mixed drinks, dietitians recommend mixing it with diet sewedo arseltzer watter. >> you can make resolution every new year and by the end of the january most have stopped working. >> we have tips on how to stay motivated on good morning maryland at 5 starting right now. >> you are watching the station that works
when it comes to government recommendation screenings are down for all cancers except for colorectal. they attribute that to the ongoing disagreement for screening guidelines and drop in insurance rates. >>> mixing energy drinks with alcohol is a popular thing to do but it can cause unintended effect. dietitians say the caffeine content in the energy drinks may get you to drink more than yourlimit. researchers are looking into whether it offset the sedating effects of alcohol. the...
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Dec 28, 2012
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double if congress doesn't pass a new farm bill w no deal in 1949 law kicks in that would force the government to pay dairy farmers much higher prices for milk. sales of new homes jumped 4.4% to the fastest pace in 2 1/2 years. new home sales are up more than 15% over the past year. ford will spend more than 3/4 of a billion dollars to expand a half dozen plants in michigan reit -- creating more than 2300 jobs part of the promise to invest 6.2 billion dollar in the u.s. plants and create 12,000 jobs by 2015. and the biggest movie flop of 2012 is cop horror film play back grossing 264 dollars meaning about 2 dozen people bought tickets. and that's america's money i am brandi hitt. >>> you're watching the station that works for you, now, good morning maryland. >> it's getting cold outside. the first hypothermia related death has been confirmed in maryland. find out how you can stay safe during the wintery season. >> we are worried and talking about going over the fiscal cliff but there's another deadline that could seriously impact our area. we are live this morning with details on how a looming
double if congress doesn't pass a new farm bill w no deal in 1949 law kicks in that would force the government to pay dairy farmers much higher prices for milk. sales of new homes jumped 4.4% to the fastest pace in 2 1/2 years. new home sales are up more than 15% over the past year. ford will spend more than 3/4 of a billion dollars to expand a half dozen plants in michigan reit -- creating more than 2300 jobs part of the promise to invest 6.2 billion dollar in the u.s. plants and create 12,000...
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Dec 28, 2012
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for the last three years garcia has been paying the government 50 dollars a month of the postal service pension and money he collects from cans. >> we are paying absolutely too much interest too much interest. >> it bothers you? >> it bothers me because it makes no sense. >> truth be told it should bother all of us. his daughter is collecting cans at work and her grandson drives him to friend houses to collect more cans and he knows his monthly money orders won't avert the cliff but it amounts to making a point and there's a point in all of this. everyone he says has to sacrifice if they want to get out of debt currently at 16.4 trillion dollars. >> it's great story and he says the country has given him so much and he he wants to give back. it's nice to see someone who is bothered and wants to do something about it. >> hopefully law mageers in d.c. will pay attention and do something like mr. garcia did. >> we will have to wait and see. >> one last check on the roads. >> yeah. so far so good. that will change tomorrow morning with snow on way. >> it always does. >> reporter: thanks a lo
for the last three years garcia has been paying the government 50 dollars a month of the postal service pension and money he collects from cans. >> we are paying absolutely too much interest too much interest. >> it bothers you? >> it bothers me because it makes no sense. >> truth be told it should bother all of us. his daughter is collecting cans at work and her grandson drives him to friend houses to collect more cans and he knows his monthly money orders won't avert...
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Dec 27, 2012
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timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to free up cash to hold off temporarily this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road has been happening over and over again. somebody has to make some decisions here. >> it's like in this business, they give you a deadline and you have to hit the deadline. there's no coming in and saying take another ten minutes. it don't work that way in real life. there are americans out there saying get off your couches. get back to washington and get the deal done. >> someti
timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting...
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Dec 28, 2012
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and that would force the government to pay dairy farmers much higher prices for their milk, pushes costs up all across the board. >>> another day, another upbeat report on the housing market. sales of new homes jumped 4.4% between october and november. the fastest pace in 2 1/2 years. overall, home sales are up 15% over the past year. >>> and still, with the economy, a sign of the rebounding u.s. auto industry. ford will spend more than $750,000 to expand a half-dozen manufacturing plants in michigan. that will create more than 2,300 jobs and save 3,000 others. it's part of the company's commitment to invest $6.2 billion in its u.s. plants and create 12,000 jobs by 2015. >>> there are movie flops. and then, there's the 2012 film that's the biggest flop of all-time. christian slater's indy cop horror film "playback" grossed $264. box office mojo crunched the numbers and found that "playback" played in one theater last spring. if you're counting, that means a couple dozen people decided to buy tickets. >> you know who you are who bought tickets to see that movie. apparently, it was not tha
and that would force the government to pay dairy farmers much higher prices for their milk, pushes costs up all across the board. >>> another day, another upbeat report on the housing market. sales of new homes jumped 4.4% between october and november. the fastest pace in 2 1/2 years. overall, home sales are up 15% over the past year. >>> and still, with the economy, a sign of the rebounding u.s. auto industry. ford will spend more than $750,000 to expand a half-dozen...
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Dec 29, 2012
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we have a crisis of self-government right now. to be real clear about it. this is a time bomb that congress set. nobody wants to see frustration cuts. but that's the stick they put to their own head as a way of compelling a deal to get done. and a deal doesn't get done. we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we weren't that far from a deal two weeks ago. but we are today. we're going to get a patch and be here again in two months. congress can't get out of its own way. we keep setting our own traps. and we can't find a way to reason together. >> john, we appreciate the clarity, even if it's depressing. thank you very much. john avlon. >>> a lot of other news developing overnight. for that, let's check in, as always, with mr. ron claiborne. good morning, sir. >> hi, dan, bianna. mr. avalon, good morning, everyone. we begin in australia, with a confrontation with a shark. it cost a surfer two fingers and a chunk of his leg. the 29-year-old was surrounded by a pod of dolphins when the shark attacked
we have a crisis of self-government right now. to be real clear about it. this is a time bomb that congress set. nobody wants to see frustration cuts. but that's the stick they put to their own head as a way of compelling a deal to get done. and a deal doesn't get done. we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we weren't that far from a deal two weeks ago. but we are today. we're going to get a patch and be here again in two months....
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Dec 30, 2012
12/12
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an epic battle coming up early into the new year over raising the debt ceiling because the federal government is once again reaching the limit of how much money can be borrowed, once again facing the possibility of the united states defaulting on its debts, and, you know, last time that led to a downgrade, a credit downgrade. certainly not good news for the economy. >> we lurch from one crisis to the next. one last quick question. there's also talk about a dairy cliff involving our milk prices going up. is this real? is this likely to happen? >> isn't this great? dan, if congress does not act by tomorrow, your milk prices could, in fact, double -- by the way, cheese prices, as well. but once again, we believe that the congress will come up with some kind of a solution on this, at least a temporary one, but, again, down to the wire, they need to pass a farm bill or at least a temporary farm bill to prevent those milk prices from going up. >> d.c. forcing tax increases and lactose intolerance on america this morning. jon karl, thank you very much. jon, by the way, has a big show this morning. s
an epic battle coming up early into the new year over raising the debt ceiling because the federal government is once again reaching the limit of how much money can be borrowed, once again facing the possibility of the united states defaulting on its debts, and, you know, last time that led to a downgrade, a credit downgrade. certainly not good news for the economy. >> we lurch from one crisis to the next. one last quick question. there's also talk about a dairy cliff involving our milk...
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Dec 27, 2012
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money we can borrow to run the government. they're going to do some extraordinary measures to keep us running to february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. what do we really mean? >> reporter: everybody will see their taxes go up. here's three examples. you have a teacher with two kids making $43,000 a year. taxes will go up by $3,000. a member of congress, they make $174,000 a year. their taxes will go up just next year, $7,500. and lebron james, the guy made about $53 million last year. his taxes, just next year, would go up $2.4 million. >> ouch. >> reporter: poor lebron. >> indeed. we say it's five days away. but the idea is, we can't get this done if they reach a deal 15 minutes before the deadline clears. are we already past the point of
money we can borrow to run the government. they're going to do some extraordinary measures to keep us running to february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. what do we really mean? >> reporter:...